adminNGX Rebounds as Investors Take Position in GTCO, Transcorp
NGX Rebounds as Investors Take Position in GTCO, Transcorp Equities market capitalisation of the Nigerian Exchange (NGX) jumped by about N18 billion on Thursday as investors took positions in GTCO,…
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IMF Lauds Nigeria’s Bold Reform, Highlights CBN Autonomy
IMF Lauds Nigeria’s Bold Reform, Highlights CBN Autonomy International Monetary Fund (IMF) remains positive with Nigeria’s bold economic reform, according to a statement released after the fund concluded the Article…
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Oil Rises over Demand Expectations in US, China
Oil Rises over Demand Expectations in US, China Oil prices increased on Thursday, aided by data showing elevated demand appetite in the US and China, the world’s biggest oil consumers.…
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Airtel Africa Posts $89m Loss After Tax as FX Crisis Bites
Airtel Africa Posts $89m Loss After Tax as FX Crisis Bites Airtel Africa Plc recorded $89 million loss after tax due to pressures from currency fluctuation in its key markets.…
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IMF Keeps 3.3% 2024 Growth Forecast for Nigeria
IMF Keeps 3.3% 2024 Growth Forecast for Nigeria The International Monetary Fund on Thursday maintained its growth forecast of 3.3% for Nigeria’s economy for 2024, up from 2.9% last year,…
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Bitcoin Price Slides as Cryptocurrencies Pullback
Bitcoin Price Slides as Cryptocurrencies Pullback The bitcoin price is struggling to stay above the $61,000 mark on Thursday, according to data from the crypto exchange. The price of the…
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Canada Slams Binance $6m Fine for Money Laundering Violations
Canada Slams Binance $6m Fine for Money Laundering Violations The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC), the anti-money laundering agency on Thursday said it had imposed a…
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FX Market: How Major Currencies Move vs US Dollar
FX Market: How Major Currencies Move vs US Dollar The Euro strengthened past $1.077, the highest in one month, as investors reconsider expectations for interest rate cuts by key central…
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Sterling Slides as UK Keeps Interest Rate
Sterling Slides as UK Keeps Interest Rate The pound sterling came under pressure from a stronger US dollar and struggled for traction against other currencies after the UK central bank…
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UK Keeps Interest Rates Unchanged at 16-Year High
UK Keeps Interest Rates Unchanged at 16-Year High At the end of its policy meeting, the Bank of England (BoE) kept its key interest rate unchanged at a 16-year high.…
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